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Posted by admin in Banks, Debit Cards, Money on 06 23rd, 2010 | Comments Off
New transactions account at ANZ Bank...
Next  week Anz planning to start selling a new transactions account , offering a raft of banking and non-banking extras for an $18 monthly fee. Banks have given away a lot of revenue on retail transaction banking since dropping or reducing overdrawn account, late payment and other exception fees... 
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Posted by admin in Banks, Interest Rates, Money on 04 7th, 2010 | Comments Off
Good times sting as interest rates rise...
BOOMING house prices contributed to the Reserve Bank’s decision to boost the cash rate to 4.25 per cent yesterday, with most economists warning several more rate rises are likely this year. In a widely-anticipated move, the central bank notched up its fifth 25 basis-point rate hike in... 
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Posted by admin in Banks, Debt, Money on 04 6th, 2010 | Comments Off
Debt stress on the rise...
DEBT stress has risen to levels not seen since September 2008, with one in five Australians finding it hard to make repayments, a survey says. Veda Advantage’s biannual Australian Debt Study reveals one in five Australians with debt are finding it difficult to make repayments or unsure how they... 
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Posted by admin in Banks, Money on 04 6th, 2010 | Comments Off
2020 vision for HSBC...
The appetite of foreign banks for investment in meaningful distribution capacity in Australia ebbs and flows. In the case of HSBC, it is flowing again.  The Sydney Morning Herald reported that HSBC is working on a program of opening between five and 10 branches a year between 2010 and 2020. The bank’s... 
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Posted by admin in Banks, Money on 03 31st, 2010 | Comments Off
Financial crisis didn’t stop flow ...
THE Reserve Bank says the global financial crisis did not stop the flow of credit to consumers looking to buy houses, although the costs of funding those loans increased and lending standards were tightened. RBA assistant governor of financial markets Guy Debelle said the GFC had a “material... 
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Posted by admin in Credit Card News, Money on 03 26th, 2010 | Comments Off
Australians being mugged by banks over c...
AUSTRALIANS are being ripped off. These are the findings of research into how our credit cards stack up against rules being introduced in Britain. The research has emerged amid a furore over Westpac’s decision to charge interest on credit card interest and fees. Federal Treasurer Wayne... 
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Posted by admin in Banks, Credit Card News, Money on 03 25th, 2010 | Comments Off
Biodegradable credit card...
Banks are getting in on the green act. The saying: “paying with plastic” is soon going to be a thing of the past as financial institutions promise the development of a new biodegradable credit card. Virgin Money, headed by staunch environmentalist entrepreneur Sir Richard Branson is leading... 
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Posted by admin in Banks, Credit Card News, Interest Rates, Money on 03 24th, 2010 | Comments Off
Westpac to charge interest on credit car...
WESTPAC customers are about to be slugged interest on their interest. The bank – which is already making about $18 million a day in profit – has written to hundreds of thousands of credit card holders that from June “interest will also apply to interest charges and fees on your credit-card... 
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Posted by admin in Banks, Interest Rates, Money on 03 24th, 2010 | Comments Off
Credit Union cuts variable rates...
A second niche lender with national ambitions has cut its interest rates on variable rate home loans. Credit Union Australia has cut rates on its standard variable mortgage for new customers by 0.25 per cent to 6.37 per cent. National Australia Bank’s standard variable rate, which is the cheapest of... 
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Posted by admin in Banks, Money on 03 23rd, 2010 | Comments Off
Shoppers using stores to dodge ATM fees...
CUSTOMERS are grabbing cash from store checkouts in a backlash against ATM fees. Woolworths, Coles, Big W and Kmart are among outlets that act as de facto banks – even for customers who don’t buy anything. Woolworths spokesman Luke Schepen confirmed customers could withdraw cash... 
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